Distinguish between Pure risk and Speculative risk on the following basis:
(a) Meaning, (b) Possibility of profits loss, (c) Risk coverge.
Online transactions are prone to transaction risks. Discuss the various types of transaction risks. How can they be avoided?
'Online business transactions are subject to a number of threats and risks'. Explain any five such risks involved.
Entrepreneurs undertake
(a) Calculated risk
(b) High risk
(c) Low risk
(d) Moderate and calculated risk